Can I retire at age 45 with 1,710,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$141,210$139,952$138,725$137,527$136,358$134,878
2 years$69,906$68,604$67,342$66,119$64,932$63,442
3 years$46,141$44,834$43,575$42,363$41,196$39,741
4 years$34,261$32,957$31,711$30,520$29,381$27,974
5 years$27,135$25,839$24,609$23,442$22,335$20,980
6 years$22,385$21,099$19,888$18,747$17,673$16,370
7 years$18,994$17,719$16,527$15,413$14,373$13,124
8 years$16,452$15,189$14,016$12,930$11,924$10,728
9 years$14,476$13,225$12,072$11,013$10,041$8,899
10 years$12,896$11,657$10,525$9,493$8,556$7,466
11 years$11,604$10,377$9,266$8,262$7,358$6,320
12 years$10,529$9,314$8,223$7,247$6,377$5,388
13 years$9,619$8,417$7,347$6,398$5,560$4,621
14 years$8,840$7,651$6,601$5,679$4,874$3,983
15 years$8,166$6,989$5,960$5,065$4,292$3,447
16 years$7,576$6,413$5,404$4,535$3,793$2,993
17 years$7,056$5,906$4,917$4,075$3,363$2,607
18 years$6,595$5,457$4,489$3,672$2,990$2,276
19 years$6,182$5,058$4,109$3,318$2,665$1,992
20 years$5,812$4,700$3,771$3,005$2,381$1,746
21 years$5,477$4,378$3,469$2,727$2,131$1,533
22 years$5,173$4,086$3,197$2,480$1,910$1,348
23 years$4,895$3,822$2,952$2,258$1,714$1,186
24 years$4,642$3,581$2,730$2,060$1,541$1,045
25 years$4,409$3,361$2,529$1,881$1,386$922
26 years$4,194$3,158$2,345$1,720$1,249$814
27 years$3,995$2,972$2,178$1,574$1,126$719
28 years$3,811$2,801$2,024$1,443$1,016$636
29 years$3,640$2,642$1,884$1,323$917$562
30 years$3,481$2,495$1,755$1,214$829$497
31 years$3,332$2,359$1,636$1,115$749$440
32 years$3,193$2,232$1,526$1,025$678$390
33 years$3,062$2,114$1,425$942$614$345
34 years$2,940$2,003$1,332$867$555$306
35 years$2,825$1,900$1,245$798$503$271
36 years$2,716$1,804$1,165$735$456$240
37 years$2,613$1,713$1,090$677$413$213
38 years$2,516$1,628$1,021$624$375$189
39 years$2,425$1,548$956$576$340$168
40 years$2,338$1,473$896$531$308$149
41 years$2,255$1,402$841$490$280$132
42 years$2,177$1,335$788$452$254$117
43 years$2,103$1,272$740$417$230$104
44 years$2,032$1,213$694$385$209$92
45 years$1,964$1,156$652$356$190$82
46 years$1,900$1,103$612$329$172$73
47 years$1,838$1,053$575$304$156$65
48 years$1,780$1,005$541$281$142$57
49 years$1,723$960$508$259$129$51
50 years$1,670$917$478$240$117$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,710,000, adding $6,797 every year, while hoping to spend $32,905 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 25/46/29 Blend
44$1,710,000$1,710,000$1,710,000$1,710,000
45$1,891,431$1,800,801$1,774,296$1,921,426
46$2,049,346$1,854,030$1,798,724$2,000,365
47$2,222,266$1,908,764$1,822,868$2,081,716
48$2,411,686$1,965,042$1,846,683$2,168,261
49$2,619,254$2,022,905$1,870,123$2,260,460
50$2,846,783$2,082,392$1,893,137$2,358,817
51$3,096,271$2,143,546$1,915,674$2,463,887
52$3,369,920$2,206,408$1,937,677$2,576,280
53$3,670,152$2,271,023$1,959,090$2,696,667
54$3,999,638$2,337,433$1,979,850$2,825,787
55$4,361,318$2,405,684$1,999,891$2,964,452
56$4,758,431$2,475,822$2,019,147$3,113,557
57$5,194,546$2,547,892$2,037,543$3,274,084
58$5,673,593$2,621,942$2,055,005$3,447,117
59$6,199,904$2,698,021$2,071,451$3,633,848
60$6,778,247$2,776,178$2,086,798$3,835,590
61$7,413,879$2,856,461$2,100,956$4,053,788
62$8,112,589$2,938,922$2,113,833$4,290,035
63$8,880,757$3,023,613$2,125,330$4,546,082
64$9,725,409$3,110,585$2,135,343$4,823,860
65$10,654,288$3,199,891$2,143,765$5,125,495
66$11,675,925$3,291,585$2,150,480$5,453,330
67$12,799,718$3,385,721$2,155,370$5,809,943
68$14,036,022$3,482,355$2,158,308$6,198,178
69$15,396,248$3,581,542$2,159,163$6,621,164
70$16,892,967$3,683,338$2,157,796$7,082,351
71$18,540,029$3,787,801$2,154,062$7,585,539
72$20,352,696$3,894,988$2,147,807$8,134,915
73$22,347,786$4,004,958$2,138,874$8,735,091
74$24,543,827$4,117,767$2,127,093$9,391,152
75$26,961,236$4,233,477$2,112,289$10,108,697
76$29,622,510$4,352,145$2,094,278$10,893,899
77$32,552,437$4,473,831$2,072,868$11,753,557
78$35,778,333$4,598,596$2,047,856$12,695,166
79$39,330,295$4,726,499$2,019,031$13,726,982
80$43,241,487$4,857,600$1,986,171$14,858,106
81$47,548,456$4,991,959$1,949,045$16,098,565
82$52,291,470$5,129,637$1,907,410$17,459,410
83$57,514,904$5,270,693$1,861,012$18,952,819
84$63,267,653$5,415,186$1,809,585$20,592,213
85$69,603,599$5,563,175$1,752,851$22,392,380
86$76,582,115$5,714,719$1,690,520$24,369,619
87$84,268,626$5,869,876$1,622,288$26,541,892
88$92,735,228$6,028,702$1,547,837$28,928,994
89$102,061,366$6,191,254$1,466,835$31,552,740
90$112,334,586$6,357,586$1,378,934$34,437,170
91$123,651,357$6,527,751$1,283,772$37,608,780
92$136,117,987$6,701,802$1,180,969$41,096,768
93$149,851,619$6,879,788$1,070,129$44,933,314
94$164,981,344$7,061,757$950,839$49,153,881
95$181,649,415$7,247,757$822,665$53,797,553
96$200,012,587$7,437,829$685,156$58,907,403
97$220,243,604$7,632,015$537,842$64,530,899
98$242,532,821$7,830,353$380,229$70,720,355
99$267,090,005$8,032,878$211,803$77,533,425
100$294,146,316$8,239,619$32,029$85,033,648